Sonova (OTCMKTS:SONVY) Shares Gap Up – Here’s Why

Sonova Holding (OTCMKTS:SONVYGet Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $48.28, but opened at $51.2590. Sonova shares last traded at $51.2050, with a volume of 725 shares traded.

Analyst Ratings Changes

SONVY has been the subject of a number of research reports. BNP Paribas Exane raised Sonova from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Morgan Stanley upgraded Sonova from an “underweight” rating to an “equal weight” rating in a report on Tuesday, June 23rd. Citigroup reaffirmed a “sell” rating on shares of Sonova in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group downgraded shares of Sonova from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on Sonova

Sonova Stock Down 1.0%

The company’s fifty day simple moving average is $48.98 and its two-hundred day simple moving average is $49.82. The company has a current ratio of 1.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51.

About Sonova

(Get Free Report)

Sonova AG (OTCMKTS:SONVY) is a Switzerland-based provider of hearing care solutions, headquartered in Stäfa. The company designs, develops, manufactures and distributes a range of audiological products and related services aimed at improving hearing and communication for people with hearing loss. Its portfolio spans behind-the-ear and in-the-ear hearing instruments, wireless accessories and software solutions that enable connectivity with consumer devices and audiological fittings.

Sonova markets its products under several well-known brands, including Phonak and Unitron for hearing aids, and it is also associated with Advanced Bionics for cochlear implant systems.

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